5 Market-Moving Stocks to Watch on Monday

4. Spirit Airlines, Inc. (NYSE:SAVE) is 6.55% in the green as of 1:00 PM ET after the Miramar, Florida-based low-cost airline was presented a revised offer by JetBlue Airways Corporation (NASDAQ:JBLU). The new deal includes a $350 million reverse breakup fee from JetBlue Airways as opposed to $200 million previously. JetBlue has offered a special dividend of $1.50 per share to the shareholders of Spirit Airlines, Inc. (NYSE:SAVE) if the deal is approved. The management of Spirit Airlines, Inc. (NYSE:SAVE) is pursuing the deal with Frontier Group Holdings, Inc. (NASDAQ:ULCC) as they think that it has a higher probability of approval from the authorities. The shareholders of Spirit Airlines will vote on the deal with Frontier Group Holdings on June 10.

Of the 912 hedge funds in Insider Monkey’s database, 26 funds held a position in Spirit Airlines, Inc. (NYSE:SAVE) as of Q1 2022.